CAS Capital No 1 Ltd

Deals

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
USD600.000---Ba2BB-FixedTsy4.25% a4%346.24%-100.00000
Tranche Comments
Perp NC 5.5: Book size: 1750; Redemption: 2026-07-12; Registration: Reg S Only; Comments: USD600m hybrid, sub perpNC5.5 RegS only. Ba2/BB. DB/JPM(B&D)/HSBC/Miz/StCh/UBS. 4% (the #). 4.25% area. Repay bank debt. Reset yr 5.5, step-up 25bps from year 10.5, additional 75bps from year 25.5. Books>US$2.25bn at FPG. Initial T+346.2 vs 0.375% 12/25 @ 100-02.75. Distribution: APAC 85% EMEA 15%. AM/FM 75%, PB 22%, Other 3%;
Deal Comments
Hybrid Bond
Guarantor(s)
CAS Holding No. 1 Ltd
Use of Proceeds
Repay bank debt

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